Lead Story Picture

NFL Could Pay $950M Concussion Claims Over Decades

The NFL could have to pay out roughly $950 million in total concussion claims over the course of its 65-year settlement term, assuming that roughly 60 percent of class members eligible for compensation participate in the deal, according to an actuarial report filed Friday.

  • Bayer Dietary Supplement Ads Violate Court Order, US Says

    The federal government said on Friday that it will ask a New Jersey federal court to find Bayer Corp. in contempt of a court order for touting the benefits of its Phillips' Colon Health dietary supplement in ads without scientific evidence to support the claims.

  • HSBC Reaches $550M Toxic MBS Deal With FHFA

    HSBC Holdings PLC will pay $550 million to end a New York federal suit brought by the Federal Housing Finance Agency accusing it of selling toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac, it announced on Friday.

  • OPEC Antitrust Suit Wins New Life At DC Circ.

    The D.C. Circuit on Friday revived a conservative group's antitrust suit against the Organization of the Petroleum Exporting Countries, saying that even though the group failed to properly serve OPEC, a district judge should reconsider whether to allow the organization to be served through its U.S. counsel White & Case LLP.

  • US, EU Slam Russia With New Energy, Defense Sanctions

    The U.S. and European Union moved in conjunction to dramatically escalate new sanctions against Russia on Friday, ratcheting up pressure on Moscow's financial, energy and defense sectors and further severing the nation's corporate titans from lucrative capital markets in response to the persistent unrest in Ukraine.

  • Hertz, Icahn Latest To Compromise To Thwart Proxy Fight

    An agreement to give three board seats to Carl Icahn made Hertz Global Holdings Inc. the latest activist target to strike a settlement rather than risk a bitter proxy battle, a trend that defined this proxy season as corporate agitators continue to pick up steam.